hello everyone, judging by the correction phase playing out poorly in the last week of trading I have 2 scenarios,
1 price rises to major downtrend line, ( blue ) following the current weekly uptrend baseline (purple) to such following the interest rate hike as expected.) followed by another downtrend tomorrow, possibly Monday.
2. if interest rates go up a full percentage point, dxy will start going wild, and we will see a big decline in prices,
1 price rises to major downtrend line, ( blue ) following the current weekly uptrend baseline (purple) to such following the interest rate hike as expected.) followed by another downtrend tomorrow, possibly Monday.
2. if interest rates go up a full percentage point, dxy will start going wild, and we will see a big decline in prices,
Note
well looks like #1 has it!to little surprise we see negative growth, and a further increase in prices with inflation still raging on.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.